Pearpop, a nearly two-year-old startup whose technology facilitates collaborations between influencers, raised an undisclosed amount of funding in March through a simple agreement for future equity, or SAFE, a person familiar with the company told The Information. Investors in the March round included music management company Red Light Management and venture firm Peak State Ventures, the person said. The deal has a $300 million valuation cap, terms that protect the March investors by allowing them to price their shares at this level if the company fetches a higher valuation in its next round of fundraising.
Pearpop, a Startup That Enables Creator ‘Collabs,’ Inked Financing Before Downturn
By| Aug. 17, 2022 4:38 PM PDT
Photo: Art: Mike Sullivan